Trade with your own cash account

Free to join. Easy to apply

Great value, real expertise

You can trade with CommSec, using your own bank account to settle your trades, from just $29.95 per trade.

It’s not just our competitive brokerage that makes CommSec great value. As Australia's largest online broker we also offer every investor, whatever your trading experience, the tools and expertise you need to make informed investment decisions.

Our website has everything from free market analysis, regular market updates and economic commentary from experts, to stock recommendations and weekly newsletters, plus a range of online seminars and DIY tools. With CommSec you can:

Trade on our leading online trading platform that provides speed to market and reliability

Our unique trading limit allows you to trade when you want, and pay only on settlement day (unlike other brokers that require cash upfront)

Trade & Save with our Cash Account

Your CommSec share trading account + cash account

The Commonwealth Direct Investment Account (CDIA) linked to your trading account combines the expertise of CommSec and the Commonwealth Bank of Australia (CBA) to bring you one bundle that is seamlessly integrated. It works with your CommSec share trading account so that all your cash needs — trading, saving and transacting — are covered.

We’ve also created a “single sign-on” function, so that when you log on to either CommSec or NetBank you can switch between the two sites, accessing both your trading account and CDIA. It’s simple; all you need to do is use the tabs in the top left corner of your screen.

What’s a Commonwealth Direct Investment Account (CDIA)?

The CDIA is the preferred cash management account for CommSec share traders, allowing you to trade#, save and transact, when and where it suits you. That’s why we say it’s ‘always on’.

‘Always on’ means your money is always ready to work for you, however you want it to, such as:

Seamless settlement of trades, so you can take advantage of investment opportunities as they arise, without having to transfer funds between accounts

Low brokerage from just $10.00 per trade when you settle to your CDIA

Earn interest between investments on balances over $10,000 without the hassle of having to move funds between accounts

An optional CBA Debit MasterCard® offers easy access to your cash via Australia’s largest bank ATM network; plus you can use BPAY, EFTPOS and a chequebook. Android, iPad and iOS mobile devices including Kaching and CommBank App are at your disposal.

# Subject to ASX/Chi-X (Australia) trading date and time parameters* applies to accounts opened after 31/10/2012 and customers who have a CommSec Trading Account”** applies to customer who have a CommSec Trading Account

Trade Execution

Minimum

Above Minimum (flat)

Share trades internet preferred*.

$10.00 up to $1,000 transaction value

$19.95 (up to $10,000)$29.95 (up to $25,000)0.12% (Over $25,000)

Share trades over the Internet.

$29.95 up to $10,000 transaction value

0.31% (above $10,000)

Share trades over the phone including CommSec and Colonial Margin Lending trades.

$59.95 up to $10,000 transaction value

0.52% (up to $25,000)0.49% (up to $1m)0.11% (above $1m)

Phone Trader

$29.95 up to $10,000 transaction value

0.31% (above $10,000)

Trades requiring settlement through a third party

$99.95 up to $15,000 transaction value

0.66% (above $15,000)

One-off trades

$66.00 up to $10,000 transaction value

0.66% (above $10,000)

Deceased estates

$59.95 up to $10,000 transaction value

0.52% (up to $25,000)0.49% (up to $1m)0.11% (above $1m)

* To be eligible for Internet Preferred trading, you must be CHESS sponsored by CommSec and settle your trades through a CDIA or a CommSec Margin Loan or Colonial Margin Loan.

CDIA Interest Rates for CommSec

Interest Rate applies to the whole balance of the account, and is calculated daily and paid monthly. Interest rates displayed in the table below are per annum.

Balance *

Interest Rate *

$500,000 or more

1.75% p.a.

250,000 - $499,999

1.50% p.a.

$100,000 - $249,000

1.30% p.a.

$50,000 - $99,999

0.80% p.a.

$20,000 - $49,999

0.50% p.a.

$10,000 - $19,999

0.25% p.a.

$0 - $9,999

0.00% p.a.

Balance (for SMSF CDIA)^

Interest Rate (for SMSF CDIA)^

$10,000 or more

1.50% p.a.

$0 - $9,999

0.00% p.a.

* All rates displayed in the table are only available to customers who have a CommSec Trading Account and for CDIA opened through CommSec on or after 1 November 2012. Interest rates are effective from 19/08/2016 and are subject to change without prior notice. Fees and charges apply. For interest rates on CDIAs opened prior to 01/11/2012, please see the interest rate flyer (Interest Rates on Transaction, Savings and Investment Accounts) on the CommBank website.^ Applies to customers who have a CommSec SMSF Trading Account and SMSF CDIA opened through CommSec on or after 20/04/15. To be eligible for the rates the trust type must be Self Managed Super Fund on the application form. Interest rates are effective from 19/08/2016 and are subject to change without notice. Fees and charges apply.

Trade and invest with borrowed funds

A Margin Loan allows you to borrow money to invest, also known as gearing, providing you with the opportunity to invest in more shares and managed funds than you could using your own money. By multiplying the size of your investment, you gain increased access to capital growth, dividends, distributions, & franking credits.

For years, Australians have been borrowing to invest into property and enjoying the profit potential of assets that would otherwise have been beyond their reach. A Margin Loan helps you put the same principle to work with investing in shares or managed funds.

For each dollar you invest through a CommSec Margin Loan, you can borrow up to an additional two dollars, multiplying your investment. That makes it possible to build a large holding surprisingly quickly.

How a Margin Loan Works:

You establish a "Loan Facility" with CommSec, which can stay idle & undrawn until you are ready to invest.

Before you are able to draw funds down from the Loan Facility, you will need to transfer your existing portfolio and/or cash as collateral onto the facility. We will automatically calculate its lending value which will determine how much you can borrow.

When you are ready to invest, we will lend you money against this collateral to purchase more securities, which also becomes part of the loan collateral.

Once you draw down funds to invest, interest is calculated daily on your loan balance and on a standard variable loan, is paid monthly in arrears. You can also transfer some, or all of your variable loan balance to a fixed rate (which locks in the amount of interest you will pay over the defined term) and select to pay the interest payments in advance or in arrears.

Your gearing level, being the amount of equity you have in proportion to your loan balance, fluctuates with the daily price movements of your portfolio, which needs to be monitored to ensure it stays below the approved lending limits.

You can view loan position, gearing level and lending limits 24 hours a day, 7 days a week on our website.

With a CommSec Margin Loan you can:

Choose from a variety of competitive Fixed or Variable interest rates

Obtain lending on over 1900 approved securities, allowing you to unlock the equity on both your existing & new investments

Start a regular investment plan that allows you to grow your investment and build your wealth over time

Access your loan facility, including your available funds, 24 hour a day, 7 day a week

Of course, margin loans are not for everybody. Just as a margin loan multiplies your potential returns when you invest successfully, it can increase your losses if the market falls. That’s why it’s important to make sure that you’re prepared, and to take a long-term view.

Trade Execution

Minimum

Above Minimum (flat)

Share trades internet preferred1.

$10.00 up to $1,000 transaction value

$19.95 (up to $10,000)$29.95 (up to $25,000)0.12% (above $25,000)

Share trades over the phone

$59.95 up to $10,000 transaction value

0.52% (up to $25,000)
0.49% (up to $1m)
0.11% (above $1m)

1. To be eligible for Internet Preferred trading, you must be CHESS sponsored by CommSec and settle your trades through a CDIA or a CommSec Margin Loan or Colonial Margin Loan.